REAL ESTATE
Compiled by Michael Flagg Times staff writer
Building Lease: The Utman Co., a Newport Beach real estate investor, said it has signed Whirlpool Corp. to a $20-million lease in an industrial building that Utman will build in Ontario’s Vintage Industrial Park.
The new building, for which ground was broken this month, is a $24-million, 766,000-square-foot structure that will serve as Whirlpool’s distribution center for the West Coast. Whirlpool will move into the building next December under a 10-year lease with four five-year options.
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